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Oil prices climb after Trump rejects Iran’s peace proposal
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- Published
- Sep 28, 2026, 5:13 AM UTC
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President of the United States (2017–2021; since 2025)
Donald John Trump is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021.
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Oil prices rose while stocks and bonds fell after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that lifted markets late last week.View on euronews
Iran offered to reopen the key shipping route and restart negotiations with the U.S. within seven days, if the Trump administration agreed to Tehran's conditions.
TEHRAN, Sep. 28 (MNA) – Oil markets have opened in Asia, with prices rebounding after Trump rejected a peace proposal put forward by Iran.